CARRIER GLOBAL CORP (CARR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CARR - US14448C1045 - Common Stock
56.19 USD
+0.64 (+1.15%)
55.45 USD
-0.74 (-1.32%)
We assign a fundamental rating of 4 out of 10 to CARR. CARR was compared to 42 industry peers in the Building Products industry. CARR has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, CARR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- CARR had positive earnings in the past year.
- CARR had a positive operating cash flow in the past year.
- Each year in the past 5 years CARR has been profitable.
- CARR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of CARR (10.46%) is better than 71.43% of its industry peers.
- With an excellent Return On Equity value of 27.45%, CARR belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- CARR's Return On Invested Capital of 5.09% is on the low side compared to the rest of the industry. CARR is outperformed by 73.81% of its industry peers.
- CARR had an Average Return On Invested Capital over the past 3 years of 8.06%. This is below the industry average of 12.68%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.46% | ||
| ROE | 27.45% | ||
| ROIC | 5.09% |
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
1.3 Margins
- With an excellent Profit Margin value of 18.05%, CARR belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
- In the last couple of years the Profit Margin of CARR has grown nicely.
- The Operating Margin of CARR (11.00%) is comparable to the rest of the industry.
- CARR's Operating Margin has declined in the last couple of years.
- CARR has a Gross Margin of 27.36%. This is comparable to the rest of the industry: CARR outperforms 42.86% of its industry peers.
- In the last couple of years the Gross Margin of CARR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11% | ||
| PM (TTM) | 18.05% | ||
| GM | 27.36% |
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
2. Health
2.1 Basic Checks
- CARR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- CARR has more shares outstanding than it did 1 year ago.
- CARR has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, CARR has an improved debt to assets ratio.
2.2 Solvency
- CARR has an Altman-Z score of 2.49. This is not the best score and indicates that CARR is in the grey zone with still only limited risk for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 2.49, CARR is doing worse than 76.19% of the companies in the same industry.
- CARR has a debt to FCF ratio of 8.45. This is a slightly negative value and a sign of low solvency as CARR would need 8.45 years to pay back of all of its debts.
- CARR has a worse Debt to FCF ratio (8.45) than 64.29% of its industry peers.
- A Debt/Equity ratio of 0.78 indicates that CARR is somewhat dependend on debt financing.
- CARR has a worse Debt to Equity ratio (0.78) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 8.45 | ||
| Altman-Z | 2.49 |
ROIC/WACC0.6
WACC8.45%
2.3 Liquidity
- CARR has a Current Ratio of 1.14. This is a normal value and indicates that CARR is financially healthy and should not expect problems in meeting its short term obligations.
- CARR has a worse Current ratio (1.14) than 90.48% of its industry peers.
- CARR has a Quick Ratio of 1.14. This is a bad value and indicates that CARR is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Quick ratio of CARR (0.75) is worse than 88.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.75 |
3. Growth
3.1 Past
- CARR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.36%.
- The Earnings Per Share has been growing by 20.27% on average over the past years. This is a very strong growth
- CARR shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -22.93%.
- The Revenue has been growing slightly by 3.86% on average over the past years.
EPS 1Y (TTM)-0.36%
EPS 3Y7.25%
EPS 5Y20.27%
EPS Q2Q%-12.99%
Revenue 1Y (TTM)-22.93%
Revenue growth 3Y2.94%
Revenue growth 5Y3.86%
Sales Q2Q%-6.77%
3.2 Future
- The Earnings Per Share is expected to grow by 11.59% on average over the next years. This is quite good.
- Based on estimates for the next years, CARR will show a small growth in Revenue. The Revenue will grow by 5.00% on average per year.
EPS Next Y-3.31%
EPS Next 2Y4.14%
EPS Next 3Y7.37%
EPS Next 5Y11.59%
Revenue Next Year-3.97%
Revenue Next 2Y-0.37%
Revenue Next 3Y1.49%
Revenue Next 5Y5%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 20.21 indicates a rather expensive valuation of CARR.
- The rest of the industry has a similar Price/Earnings ratio as CARR.
- When comparing the Price/Earnings ratio of CARR to the average of the S&P500 Index (27.38), we can say CARR is valued slightly cheaper.
- A Price/Forward Earnings ratio of 18.50 indicates a rather expensive valuation of CARR.
- CARR's Price/Forward Earnings is on the same level as the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.29. CARR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.21 | ||
| Fwd PE | 18.5 |
4.2 Price Multiples
- CARR's Enterprise Value to EBITDA ratio is in line with the industry average.
- CARR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.54 | ||
| EV/EBITDA | 15.67 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)1
EPS Next 2Y4.14%
EPS Next 3Y7.37%
5. Dividend
5.1 Amount
- CARR has a Yearly Dividend Yield of 1.73%.
- CARR's Dividend Yield is rather good when compared to the industry average which is at 0.67. CARR pays more dividend than 90.48% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.84, CARR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
5.2 History
- CARR has been paying a dividend for over 5 years, so it has already some track record.
- CARR has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
- CARR pays out 18.56% of its income as dividend. This is a sustainable payout ratio.
DP18.56%
EPS Next 2Y4.14%
EPS Next 3Y7.37%
56.19
+0.64 (+1.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryBuilding Products
Earnings (Last)10-28 2025-10-28/bmo
Earnings (Next)02-05 2026-02-05/amc
Inst Owners87.14%
Inst Owner Change0.82%
Ins Owners6.1%
Ins Owner Change2.52%
Market Cap47.32B
Revenue(TTM)22.06B
Net Income(TTM)3.98B
Analysts78.06
Price Target72.36 (28.78%)
Short Float %1.59%
Short Ratio1.78
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.73% |
Yearly Dividend0.78
Dividend Growth(5Y)N/A
DP18.56%
Div Incr Years4
Div Non Decr Years4
Ex-Date01-20 2026-01-20 (0.24)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.53%
Min EPS beat(2)-0.24%
Max EPS beat(2)15.31%
EPS beat(4)3
Avg EPS beat(4)7.55%
Min EPS beat(4)-0.24%
Max EPS beat(4)15.31%
EPS beat(8)6
Avg EPS beat(8)5.54%
EPS beat(12)9
Avg EPS beat(12)4.93%
EPS beat(16)13
Avg EPS beat(16)6.21%
Revenue beat(2)0
Avg Revenue beat(2)-1.75%
Min Revenue beat(2)-1.83%
Max Revenue beat(2)-1.67%
Revenue beat(4)0
Avg Revenue beat(4)-2.28%
Min Revenue beat(4)-4.33%
Max Revenue beat(4)-1.31%
Revenue beat(8)0
Avg Revenue beat(8)-4%
Revenue beat(12)2
Avg Revenue beat(12)-2.9%
Revenue beat(16)4
Avg Revenue beat(16)-2.03%
PT rev (1m)-2.04%
PT rev (3m)-9.42%
EPS NQ rev (1m)-2.36%
EPS NQ rev (3m)-29.86%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-8.13%
Revenue NQ rev (1m)-1.54%
Revenue NQ rev (3m)-5.88%
Revenue NY rev (1m)-0.35%
Revenue NY rev (3m)-2.36%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.21 | ||
| Fwd PE | 18.5 | ||
| P/S | 2.15 | ||
| P/FCF | 33.54 | ||
| P/OCF | 25.05 | ||
| P/B | 3.26 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.67 |
EPS(TTM)2.78
EY4.95%
EPS(NY)3.04
Fwd EY5.4%
FCF(TTM)1.68
FCFY2.98%
OCF(TTM)2.24
OCFY3.99%
SpS26.19
BVpS17.23
TBVpS-9.18
PEG (NY)N/A
PEG (5Y)1
Graham Number32.83
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.46% | ||
| ROE | 27.45% | ||
| ROCE | 8% | ||
| ROIC | 5.09% | ||
| ROICexc | 5.34% | ||
| ROICexgc | 23.15% | ||
| OM | 11% | ||
| PM (TTM) | 18.05% | ||
| GM | 27.36% | ||
| FCFM | 6.4% |
ROA(3y)10.88%
ROA(5y)9.38%
ROE(3y)33.63%
ROE(5y)31.44%
ROIC(3y)8.06%
ROIC(5y)7.66%
ROICexc(3y)10.45%
ROICexc(5y)9.61%
ROICexgc(3y)34.91%
ROICexgc(5y)29.9%
ROCE(3y)12.67%
ROCE(5y)12.04%
ROICexgc growth 3Y11.52%
ROICexgc growth 5Y4.64%
ROICexc growth 3Y-15.42%
ROICexc growth 5Y-8.97%
OM growth 3Y-5.06%
OM growth 5Y-4.9%
PM growth 3Y45.61%
PM growth 5Y16.99%
GM growth 3Y-2.78%
GM growth 5Y-1.79%
F-Score5
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.78 | ||
| Debt/FCF | 8.45 | ||
| Debt/EBITDA | 3.07 | ||
| Cap/Depr | 37.85% | ||
| Cap/Sales | 2.17% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 51.21% | ||
| Profit Quality | 35.43% | ||
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.75 | ||
| Altman-Z | 2.49 |
F-Score5
WACC8.45%
ROIC/WACC0.6
Cap/Depr(3y)74.81%
Cap/Depr(5y)83.81%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.96%
Profit Quality(3y)66.45%
Profit Quality(5y)76.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.36%
EPS 3Y7.25%
EPS 5Y20.27%
EPS Q2Q%-12.99%
EPS Next Y-3.31%
EPS Next 2Y4.14%
EPS Next 3Y7.37%
EPS Next 5Y11.59%
Revenue 1Y (TTM)-22.93%
Revenue growth 3Y2.94%
Revenue growth 5Y3.86%
Sales Q2Q%-6.77%
Revenue Next Year-3.97%
Revenue Next 2Y-0.37%
Revenue Next 3Y1.49%
Revenue Next 5Y5%
EBIT growth 1Y-5.35%
EBIT growth 3Y-2.27%
EBIT growth 5Y-1.23%
EBIT Next Year22.29%
EBIT Next 3Y10.64%
EBIT Next 5Y8.53%
FCF growth 1Y-38.44%
FCF growth 3Y-42.28%
FCF growth 5Y-27.03%
OCF growth 1Y-29.2%
OCF growth 3Y-26.64%
OCF growth 5Y-15.1%
CARRIER GLOBAL CORP / CARR FAQ
Can you provide the ChartMill fundamental rating for CARRIER GLOBAL CORP?
ChartMill assigns a fundamental rating of 4 / 10 to CARR.
Can you provide the valuation status for CARRIER GLOBAL CORP?
ChartMill assigns a valuation rating of 2 / 10 to CARRIER GLOBAL CORP (CARR). This can be considered as Overvalued.
How profitable is CARRIER GLOBAL CORP (CARR) stock?
CARRIER GLOBAL CORP (CARR) has a profitability rating of 5 / 10.
What is the financial health of CARRIER GLOBAL CORP (CARR) stock?
The financial health rating of CARRIER GLOBAL CORP (CARR) is 2 / 10.
How sustainable is the dividend of CARRIER GLOBAL CORP (CARR) stock?
The dividend rating of CARRIER GLOBAL CORP (CARR) is 5 / 10 and the dividend payout ratio is 18.56%.